Does purchasing stock impact my taxes?

[AnnetteB6]

Purchasing stock could impact your taxes if you receive a dividend from that stock.  The dividends are taxable income.  

The real impact to your taxes when purchasing stock occurs when you sell the stock.  At that point you would either have a capital gain or capital loss to report.  

If you have only purchased stock but not received any dividends, then nothing is reported on your tax return.

[bossbrain]

I want to cancel I sell stuck... because I was a mistake putting it can you help me please 

[Hal_Al]

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Investment Income

   -Stocks, mutual funds, Bonds, Other

Click "Update". On the next screen, titled "Here's all t he investment accounts we have so far", click "delete" next to the sale you previously entered.